White House says increased productivity means Fed can cut rates

White House economic adviser Kevin Hassett told CNBC on ‌Monday ⁠that he ⁠expects increased productivity in the U.S. economy will allow the ⁠Federal Reserve to ‌lower interest rates.

Hassett ⁠said he expects the ​Fed to lower ​rates if Kevin Warsh, President Donald ‌Trump's nominee to ​become ​Federal Reserve ⁠chair, takes up the position.